Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$235,559$235,559$269,999
Remaining term (yrs)24.424.430.0
Secondary amount$0$34,440$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%4.280%7.560%
1st payment$1,100.90$1,100.90$1,854.71
2nd payment$0.00$258.30$0.00
Taxes / mo$193.67$193.67$193.67
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$54.00
HOA / mo$405.00$405.00$405.00
Total monthly$2,040.83$2,299.13$2,657.37
Cash to close$64,440$30,000$30,000